When MC is below AC, AC is decreasing. Why? ¢When MC is above AC, AC is increasing. Why? ¢MC = AC when AC is at minimum.
Given VC = x3 – 3x2 + 4x and FC= 10
Take home problem set 2: Due 16 August 2012
1.TC 2.AVC 3.ATC 4.MC 5.At what level of x is AVC at the minimum? 6.At what level of x is MC at the minimum? 7.At what level of x is ATC at the minimum?  Click here for more on this paper.......